EQUITY VERSUS GROWTH: THE MALAYSIAN EXPERIENCE OF THE ISLAMIC FINANCIAL SYSTEM UNDER THE DUAL SYSTEMS

In the opening speech at the International Islamic Capital Market Conference held in Kuala Lumpur recently, the Deputy Prime Minister Dato Seri Anwar Ibrahim (1996: 5), referring to the role of the capital market, advocates an “economic growth with distributive justice, profitability with social responsibility, prudent management and transparency in dealings”. He believes that these are the prerequisites of a healthy and sustainable economy.